Working capital is a key financial concept for business owners when evaluating the overall health of operations. It reveals a snapshot of the company’s short-term liquidity position. In addition to having enough working capital to pay bills for a year, staffing companies have some unique...
Accounting for the growing cannabis industry is unique. Business owners must comply with strict state and federal regulations to avoid substantial penalties or even the risk of losing their business.
The potential for large cash transactions and banking restrictions common in the industry further emphasize the...
In an effort to combat fraud, the Protecting Americans from Tax Hikes (PATH) Act of 2015 was enacted. It revises the filing deadline for Form W-2 and certain types of Form 1099. Without proper planning, these revisions can cause some real stress for small businesses....
SMB Accounting Trends Buyer Report – 2016 provides excellent insights into what business owners should look for when considering buying an accounting software system. Here's what you need to know from the report....
Most retail and many service-based business accept payment via credit card. This practice is becoming even more common as business competition heats up and credit card processing fees become more competitive. Choosing a payment processor is perhaps the most difficult task in any businesses...
By tapping into your accountant's knowledge and expertise after tax season, you can get help with the complex issues facing your business. This post talks about some of the ways a CPA can help you outside of tax season....
When it comes to choosing the right accounting software for your business one size definitely does not fit all. With an onslaught of “boxed” bookkeeping packages to choose from it is critical to fully understand their offerings and limitations before committing to one over another....
Internal controls are the checks and balances that are in place to at least provide a fighting chance that errors, omissions, duplications and misappropriations will be detected and avoided. Read more to learn about how all businesses can put such controls into place immediately without...
Which records should you keep? Good financial record keeping is vital to the success of any business. They will help you monitor the progress of your business, plan for the future, prepare accurate financial statements and tax returns, and enable business owners to create...
For many small businesses and startups, managing their cash flow is a continual challenge. Good cash flow projections will help any business stay on course towards a brighter future. Learn more about cash flow projections and download our free Cash Flow Guide....
